He probably doesn't know the answer to that question... I tried to download Chia wallet and to mine Chisa with my 1 TB external hard disk... what mistake was that!
You can try Achi. I see people say, it is more advance, without any huge prefarm and secure fork. |
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in reality i don't know if the chia blockchain is decentralized and the percentage of preminated coins is high what i know for sure and that i really care and that it is the best current opportunity to mine with low energy consumption and without buying expensive gpu, keeping only hard disk with large storage capacity turned on
do you know how many TB of disks you need to farm 1 chia and you need in the future more disks and hard disks appear out of nowhere, but produced by high energy consumption.  |
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And Chia network has just launched the mainnet, so there is still a long time for Chia network to build and develop its ecosystem.
There are bunches of fully centralized eco networks (Example: see my post above), that are not corporate, didn't do huge pre-farm/pre-mine The main issue with the Chia - founders, just would like to make money(and it is normal for their business) - otherwise why do they need to accumulate in their hands 21m of coins (huge amount compared to total supply)- but also compare themselves with bitcoin to attract more people. See first post here. |
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Perhaps the problems that have happened in this market in recent times have caused a certain number of people to have a special interest in CHIA.
About what problems are you talking? |
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After a few years, CEO will have less weight on total supply of that coin
Not really, you could always calculate total supply, and it seems that the value of chia would not be dictated by the market, but rather a small group of people in chia board of owners/directors. |
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As noted in Business Whitepaper, they started mainnet with 21 million XCH pre-farmed
Oh ... this changes everything. Looks like even after 7 years they will still have majority of coins. If I would like farming, I would better look to fully decentralized fork with practically no pre-farming, example: AchiIt seems, that Achi has right decentralization (necessary and sufficient), not like chia - in wording it is decentralized, but if some owns majority of coins - it just necessary for decentralization, but not sufficient. |
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Satoshis 1 mln BTC is more than 5% of current supply. Is BTC not decentralized? 12 years ago satoshi also had majority of BTCs
Satoshi - we don't know who he is or was - corporate, person, group of persons, etc Chia - we know who stays under, fully corporate coin |
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How it could be, that a cryptocurrency where one person holds 95% of coins can be decentralized?
Because its not proof of stake. Its proof of storage. So chain may be super decentralized and offer everything you need while distribution of native token may not be decentralized. I've checked distribution and its 64 XCH per 10 minutes = 9 216 per day = 3 363 840 per year while current circulating supply is equal to 1,582,223.00 XCH. So its exactly how i said. After 3 years circulating supply will go up to 11.5 mln and CEOs 1 mln coins will be less than 10% of supply. 5% after 6 years. Satoshis 1 mln BTC is more than 5% of current supply. Is BTC not decentralized? 12 years ago satoshi also had majority of BTCs As noted in Business Whitepaper, they started mainnet with 21 million XCH pre-farmed |
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yep, wondering, why they told us "to fix the centralization problems" and from the other hands - left 95% of all coins in their pockets?
Even bitcoin didn't do that
Its a huge difference between decentralization of chain and equal distribution of native token. Chia has interesting thing to offer. Instead of 1 cpu = 1 vote (POW) 1 $ = 1 vote (POS) its 1 storage unit = 1 vote and in fact it may offer different type of decentralization. I don't know how they are doing right now because last time i heard about them was before launch. But back to 95% premine. Its worth to check how big inflation there is. Its possible that this 95% of supply will drop to 20% after 2-3 years and to 10% after 10 years. Its worth to say that in almost every ICO ETH token team have 100% of supply at the beginning and sell xx% during ICO. How it could be, that a cryptocurrency where one person holds 95% of coins can be decentralized? |
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yep, wondering, why they told us "to fix the centralization problems" and from the other hands - left 95% of all coins in their pockets?
Even bitcoin didn't do that
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Bram Cohen was quoted explaining his Chia project to investors in November 2017:" The idea is to make a better bitcoin, to fix the centralization problems". https://techcrunch.com/2017/11/08/chia-network-cryptocurrency/But in reality he did 95% PrefarmSourceFrom that statement, he owns of 95% of coins and for community left only 5%. It seems, it is just another corporate cryptocurrency under the hood of folk coin and words are at odds with deeds. Am I painting the devil blacker than he is ?! |
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Началось... " Брэм Коэн: «Идея состоит в том, чтобы сделать биткойн лучше, чтобы решить проблемы централизации» В ноябре 2017 года Брэм Коэн объяснял инвесторам свой проект Chia: «Идея состоит в том, чтобы сделать биткойн лучше, чтобы решить проблемы централизации». https://techcrunch.com/2017/11/08/chia-network-cryptocurrency / Ага! Фиксированный! 95% Prefarm! "  Источник: Reddit |
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Интересно понаблюдать, как иски будет решены |
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Деньги любят тишину, а блоггер хвалился на все катушку
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Есть две основные школы мысли относительно того, какие качества Bitcoin делают его надёжным, и таким образом того, что превращает его в удобную и устойчивую валюту. В какую из теорий верит человек, косвенно или напрямую, та и сформирует его предположения относительно лучших способов вносить изменения или обновления в Bitcoin. Изучение этих двух перспектив может помочь в понимании разных точек зрения, сформировавшихся вокруг таких проблем как размер блока и активация SegWit... читать продолжение здесьЕсли в результате хард-форка сеть разделяется на две криптовалюты, это попросту предложит рынку чёткий выбор. Будет интересно, какую ветку поддержит социум |
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Can we already remove our signatures?
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Посмотрим как лайтнинг внедрять будут и когда
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Бизнесмены одно говорят, а делаю другой
Возможно хочет прикупить актив пониже
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Посмотрим, что значит для Китая эта война
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Гэри Шиллинг, известный и высоко уважаемый финансовый аналитик Уолл-стрит.
Видимо известный и уважаемый, а вовремя в биткоин не зашел, поетому и не понимает ее сегодняшних цен, был занят финансовыми анализами на Уоол-стрит
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